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Oct 14, 2013
10/13
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bills and ronald reagan said send me a debt ceiling increase. look what he says. he said -- "the full consequences of a default or even the serious prospect of default by the united states are impossible to predict and awesome to contemplate. denigration of the full faith and credit of the united states would have substantial effects on the domestic financial markets and the value of the dollar." ronald reagan, 1983. and that's when our economy was much smaller than it is today. so how does the party of ronald reagan now get us to this point where three days we're about to default? i didn't hear one word out of them when they decided to put two wars on the credit card and a huge tax break for billionaires on the credit card and a big medical prescription drug benefit on the credit card. not one word out of them. oh, vote, vote, vote, vote. and what happened? we had a surplus under bill clinton, we had a huge increase in the deficits under george w. bush, and, by the way, president obama got handed an enormous deficit which he has cut in half. so
bills and ronald reagan said send me a debt ceiling increase. look what he says. he said -- "the full consequences of a default or even the serious prospect of default by the united states are impossible to predict and awesome to contemplate. denigration of the full faith and credit of the united states would have substantial effects on the domestic financial markets and the value of the dollar." ronald reagan, 1983. and that's when our economy was much smaller than it is today. so...
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Jan 15, 2013
01/13
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they could default on the debt, unless the debt ceiling is raised. republicans want the president to cut spending before they i gree on a deal. but the president at no time seem eager for compromise. listen. >> we have to stop lurking from crisis to crisis to crisis. when there is a clear pass that requires discipline, responsibility and compromise. >> dana: yet, he showed little willingness to do so. >> i'm willing to compromise and find common ground over how to reduce the deficit, america cannot afford another debate with this congress about whether or not they should pay the bills they have racked up. what i will not do is to have that negotiation with gun at the head of the people. >> dana: interesting choice of words to describe that. eric, you talked about not wanting the country to lurch from crisis to crisis. most americans would agree and want washington to fix fundamental problems. why do we have to have the debate every three months? >> eric: sure. start with the debt ceiling and how it came about. prior to world war i, everybody was paid
they could default on the debt, unless the debt ceiling is raised. republicans want the president to cut spending before they i gree on a deal. but the president at no time seem eager for compromise. listen. >> we have to stop lurking from crisis to crisis to crisis. when there is a clear pass that requires discipline, responsibility and compromise. >> dana: yet, he showed little willingness to do so. >> i'm willing to compromise and find common ground over how to reduce the...
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Jan 10, 2013
01/13
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seven debt ceiling raises. white was just sort of -- everyone understood it would get raised and it was a time to remind people how big the debt was and nobody really took it seriously, press release. it was useful for that. once people started taking it seriously and said we are going to think about not paying the debt it bill absurd and it is -- it is absurd and it needs to be -- needs to go away or congress just needs to understand that that's the only use of it. a coin isn't going to solve that problem. looking at a darn corners of the constitution will not solve that problem. >> what is -- you know, the problem -- that -- republicans seem to have is it the leadership sort of knows that they really shun be playing politics of the debt ceiling. but the rank and file, they don't want any part of that. they want to play politics. >> this is the problem. this is my problem with people who are spending a lot of time, smart people. friends of ours who are spending a lot of time talking about the kooky ideas. you
seven debt ceiling raises. white was just sort of -- everyone understood it would get raised and it was a time to remind people how big the debt was and nobody really took it seriously, press release. it was useful for that. once people started taking it seriously and said we are going to think about not paying the debt it bill absurd and it is -- it is absurd and it needs to be -- needs to go away or congress just needs to understand that that's the only use of it. a coin isn't going to solve...
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Oct 8, 2013
10/13
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ceiling, we will default on our debt. we won't. >> i think it's irresponsible of the president and his men to even talk about default. there's no reason for us to default. we bring in $250 billion in taxes every month. our interest payment is $20 billion. tell me why we would ever default. >> doug, what's your take on that? knowing you a little, i find it hard to believe you would agree with that. >> and i don't. the bottom line is semantics aside, failure to raise the debt ceiling leads to very bad economic outcomes and chaos in the financial markets. the treasury may or may not be able to prioritize interest payments, pay them first. most people say they can't. you can't. but past that, the politics are ugly. we'll pay the chinese but not our senior citizens social security, and the confidence effects are horrible. if an international lender looks at a country and says you know, you can make interest payments but you're not paying for your highway bills or social security or medicare, they're not going to lend you more
ceiling, we will default on our debt. we won't. >> i think it's irresponsible of the president and his men to even talk about default. there's no reason for us to default. we bring in $250 billion in taxes every month. our interest payment is $20 billion. tell me why we would ever default. >> doug, what's your take on that? knowing you a little, i find it hard to believe you would agree with that. >> and i don't. the bottom line is semantics aside, failure to raise the debt...
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Oct 5, 2013
10/13
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ceiling, you'll run a clean debt ceiling bill. but can you be clear on where you and your conference is on the debt ceiling. >> you heard me saying this, going back over the last two or three years. our goal wasn't to shut down the government. our goal here was to bring fair tons the american people under obama care. i don't believe that we should default on our debt. it's not good for our country. but after 55 years of spending more than what you bring in, something ought to be addressed. this year, we'll have more revenue than any year in the history of our country and yet still have a nearly $700 billion deficit. i think the american people expect if we're going raise the amount of money we can borrow, we ought to do something about our spending problem in the lack of economic growth in our country. >> is this shutdown -- this showdown about the affordable care act? is it about the budget deficit? why is the government shut down right now? saying the 11th hour, when the >> we sent four billes to the united states senate. four d
ceiling, you'll run a clean debt ceiling bill. but can you be clear on where you and your conference is on the debt ceiling. >> you heard me saying this, going back over the last two or three years. our goal wasn't to shut down the government. our goal here was to bring fair tons the american people under obama care. i don't believe that we should default on our debt. it's not good for our country. but after 55 years of spending more than what you bring in, something ought to be...
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Sep 29, 2013
09/13
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the battle over debt ceiling and what it could mean to your money. my conversation ahead with bill clinton. what the former president said about dealing with debt in washington, iran, russia and whether he would do anything differently than president obama. >>> doing well and doing good. the young enprep neuros who walked away with a prize. tastes like chicken. "on the money" begins now. >>> here is a look at what's making news as we head into a new week. we know exactly when the united states will run out of money. treasury secretary sent a letter to congress this week saying unless congress raises the debt ceiling, the treasury will have $30 billion left by october 17th and possible expenditures of 60 billion on that date. unless the debt ceiling is extending the government won't be able to borrow money and pay some of its bills. that has business cautious as john chambers told me this week. >> we see opportunities and also challenges. you know what's going on at the fed and what's going on with the debt ceiling. the impact of orders coming out of
the battle over debt ceiling and what it could mean to your money. my conversation ahead with bill clinton. what the former president said about dealing with debt in washington, iran, russia and whether he would do anything differently than president obama. >>> doing well and doing good. the young enprep neuros who walked away with a prize. tastes like chicken. "on the money" begins now. >>> here is a look at what's making news as we head into a new week. we know...
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ceiling and how serious that is for the layman how serious is the debt ceiling story while the debt ceiling story could be even worse than the shutdown larry because it means that the united states will not be permitted it will not simply have the authority to pay its debts to pay its creditors to pay interest on the national debt that means that financial markets would be roiled bond holders you know a lot of pensioners a lot of people who are reliant on bonds they would be hurt it's possible that we would have another downgrading of the credit rating of the united states that could in turn affect interest rates look the last time we went through this we got through it fairly unscathed but it was a dangerous time we have boy did a default but if again and this a lot of this turns on whether the right wing republicans are willing to compromise or not if they are not willing to compromise if they just are saying in effect we are going to vote against any kind of increase in the in the in the debt limits and we don't care what the results are and if john boehner decides that he is wor
ceiling and how serious that is for the layman how serious is the debt ceiling story while the debt ceiling story could be even worse than the shutdown larry because it means that the united states will not be permitted it will not simply have the authority to pay its debts to pay its creditors to pay interest on the national debt that means that financial markets would be roiled bond holders you know a lot of pensioners a lot of people who are reliant on bonds they would be hurt it's possible...
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Jan 1, 2013
01/13
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some democrats are angry that the debt ceiling has not been -- this fight over the debt ceiling that's not going to take place until two months has not been taken out of the equation. it is a remarkable site. nonetheless, with the caveat it may not be over yet. >> we've heard that he reached out to harry reid and nancy pelosi and he spoke with them about everything that was going to take place tonight. what else do we know with how he responded to what's happening? >> well, it's interesting. the president chose today to have one of those campaign-style events with ordinary americans in the white house and an auditorium in the white house compound today. the president sort of came out in a jovial, joking matter. he painted a picture of a deal that was all but done, but he got in a lot of jabs, subtle and otherwise, at republicans and really angered folks. john mccain said he didn't know whether he was sad or angered by what the president had said. cooler heads have obviously prevailed here. and we do know that the president had been on the phone working this, even though joe biden was s
some democrats are angry that the debt ceiling has not been -- this fight over the debt ceiling that's not going to take place until two months has not been taken out of the equation. it is a remarkable site. nonetheless, with the caveat it may not be over yet. >> we've heard that he reached out to harry reid and nancy pelosi and he spoke with them about everything that was going to take place tonight. what else do we know with how he responded to what's happening? >> well, it's...
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Oct 6, 2013
10/13
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my guess is greece did not have a debt ceiling boat. detroit did not have a debt ceiling boat. it is like turning off the smoke alarm when the fire breaks out. >> i want to press you on that a little more. you mentioned moody's. moody's said that even if we prioritize the debt,, november 1 when we have a payment due they will not be enough receipts in the federal treasury to pay both the bondholders and social security recipients, much less veterans health care and military salaries and all of the other things you have exempted from the shutdown. would this be even worse than the shutdown? >> the full faith and credit act, in accordance with the constitution, explicitly exempts social security. it would not be a part of the calculation. at some point we have to deal with this debt crisis. there are those who always want to put it off to the next day. i am sure there were voices in greece, in detroit, saying put it off for another day. but no, we have to do this today. i am saying this not just as a congressman, but as the father of a 10-year-old son and 11- year-old daughter. o
my guess is greece did not have a debt ceiling boat. detroit did not have a debt ceiling boat. it is like turning off the smoke alarm when the fire breaks out. >> i want to press you on that a little more. you mentioned moody's. moody's said that even if we prioritize the debt,, november 1 when we have a payment due they will not be enough receipts in the federal treasury to pay both the bondholders and social security recipients, much less veterans health care and military salaries and...
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Jan 14, 2013
01/13
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the debt ceiling and you did. last year you said you wouldn't extend any of the bush tax cuts for the wealthy and you did. so as you say now that you're not going to negotiate on the debt ceiling, this year, why should house republicans take that seriously and think that if we get to the one minute to midnight scenario that you're not going to back down? >> well, first of all, juliana, take the example of this year and the fiscal cliff. i didn't say that i would not not have any conversations about extending the bush tax cuts, what i said we wouldn't extend bush tax cuts for wealthy and we didn't. we can argue during the campaign that i said, i set the criteria for wealthy at 250, and we ended up being at 400. but the fact of the matter is that millionaires, billionaires, are paying significantly more in taxes, just as i said. so from, you know, from the start my concern was making sure that we had a tax code that was fair and that protected the middle class and my biggest priority was making sure middle class tax
the debt ceiling and you did. last year you said you wouldn't extend any of the bush tax cuts for the wealthy and you did. so as you say now that you're not going to negotiate on the debt ceiling, this year, why should house republicans take that seriously and think that if we get to the one minute to midnight scenario that you're not going to back down? >> well, first of all, juliana, take the example of this year and the fiscal cliff. i didn't say that i would not not have any...
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Jan 8, 2013
01/13
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that would also increase the debt ceiling. so no, congressman salmon, it is not about time that we have a debt ceiling shut down. it is about time we do something to make sure that never happens. >>> john brennan is the man president obama nominated to run the cia. he is also the man who helped create america's policy of drone war fare. that is next. enbrel can help relieve pain, stiffness, and stop joint damage. because enbrel, etanercept, suppresses your immune system, it may lower your ability to fight infections. serious, sometimes fatal events including infections, tuberculosis, lymphoma, other cancers, and nervous system and blood disorders have occurred. before starting enbrel, your doctor should test you for tuberculosis and discuss whether you've been to a region where certain fungal infections are common. don't start enbrel if you have an infection like the flu. tell your doctor if you're prone to infections, have cuts or sores, have had hepatitis b, have been treated for heart failure, or if, while on enbrel, you ex
that would also increase the debt ceiling. so no, congressman salmon, it is not about time that we have a debt ceiling shut down. it is about time we do something to make sure that never happens. >>> john brennan is the man president obama nominated to run the cia. he is also the man who helped create america's policy of drone war fare. that is next. enbrel can help relieve pain, stiffness, and stop joint damage. because enbrel, etanercept, suppresses your immune system, it may lower...
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Sep 20, 2013
09/13
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one is the debt ceiling vote itself. we adopt a budget resolution and passed the 12 appropriations bills that determine how much the government will spend. em bed ed in each of those is how much we are taking in, how much we are spend ing. if we are taking in less than we are spend ing then we are adding to the debt. each one of those in a way is a vote on the debt. >> do you think the democrats who are oppose ed to the idea of spending cuts with the debt ceiling, do you think they are not words to the long-term effect of getting deeper in debt or do they think it will stimulate the economy so there will be more tax receipts so we won't spend much and that will bring it down? >> it could be a variety ever of things. my fundamental view is they are not aster identified by public debt being as large as it is compared to our economy. today, by the end of the year it will be roughly 70 -- the public debt of the united states, that part of the debt that's been securitized in the form of a bond and sold to somebody with our na
one is the debt ceiling vote itself. we adopt a budget resolution and passed the 12 appropriations bills that determine how much the government will spend. em bed ed in each of those is how much we are taking in, how much we are spend ing. if we are taking in less than we are spend ing then we are adding to the debt. each one of those in a way is a vote on the debt. >> do you think the democrats who are oppose ed to the idea of spending cuts with the debt ceiling, do you think they are...
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Jan 8, 2013
01/13
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that would also increase the debt ceiling. so no, congressman salmon, it is not about time that we have a debt ceiling shut down. it is about time we do something to make sure that never happens. ] up high! up high! [ sighs ] [ chuckles ] yo, give it up, dude! up high... ok. up high... ok. high! up high!!! ok ok that's getting pretty old. don't you have any useful apps on that thing? who do you think i am, quicken loans? [ chuckles ] at quicken loans, our amazingly useful mortgage calculator app allows you to quickly calculate your mortgage payment based on today's incredibly low interest rates... right from your iphone or android smartphone. this great tool answers your home loan questions organizes your results, and lets you calculate with the confidence of a rocket scientist. you can even take notes and add photos of your favorite homes! it's the 21st century way to make your next home refinance or purchase easy. download it today from the app store or google play... the mortgage calculator by quicken loans... one more way
that would also increase the debt ceiling. so no, congressman salmon, it is not about time that we have a debt ceiling shut down. it is about time we do something to make sure that never happens. ] up high! up high! [ sighs ] [ chuckles ] yo, give it up, dude! up high... ok. up high... ok. high! up high!!! ok ok that's getting pretty old. don't you have any useful apps on that thing? who do you think i am, quicken loans? [ chuckles ] at quicken loans, our amazingly useful mortgage calculator...
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Jan 5, 2013
01/13
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ronald reagan, george bush, both bushes, raised the debt ceiling, bill clinton raised the debt ceiling, that's something we've never played with because then we're playing with the country's credit rating and that's something we should all come together on and we've never had it happen before. why now play politics on the debt ceiling. it doesn't make sense. >> i'll have to leave it retorically, good to see you. >>> new revelations about marilyn monroe, you'll hear from the reporter that dug up fbi files on the movie star. [ male] research suggests cell health plays a key role throughout our lives. one a day men's 50+ is a complete multivitamin designed for men's health concerns as we age. it has 7 antioxidants to support cell health. one a day men's 50+. [ slap! ] [ slap! slap! slap! slap! ] ow! ow! [ male announcer ] your favorite foods fighting you? fight back fast with tums. calcium-rich tums starts working so fast you'll forget you had heartburn. ♪ tum tum tum tum tums woman: we're helping joplin, missouri, come back from a devastating tornado. man: and now we're helping the eas
ronald reagan, george bush, both bushes, raised the debt ceiling, bill clinton raised the debt ceiling, that's something we've never played with because then we're playing with the country's credit rating and that's something we should all come together on and we've never had it happen before. why now play politics on the debt ceiling. it doesn't make sense. >> i'll have to leave it retorically, good to see you. >>> new revelations about marilyn monroe, you'll hear from the...
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Oct 8, 2013
10/13
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and remember, this is not a debt ceiling that is lifted to pay more debts. this is to pay off and to pay the bills we already have that congress and the president have already incurred. so it would be the height of irresponsibility not to lift that debt ceiling. >> right, i heard warren buffet say in the end there will be extreme stupidity. but he said there is a really why you can't go with the debt ceiling or use it for political gain, let's watch what he said. >> it makes absolutely no sense to let it be used as a lever for other things. i mean, if you want to change the laws on abortion, immigration, you name it, tax laws, whatever, let that be a piece of legislation that people hammer out. but to tie it to something, well you break the promises of the united states government to people all over the world as well as to the u.s. citizens just makes no sense. it should be banned like nuclear weapons, basically like something that is too horrible to use. >> now, that was a man who made ten million dollars from the last recession, perfectly, and legitimately
and remember, this is not a debt ceiling that is lifted to pay more debts. this is to pay off and to pay the bills we already have that congress and the president have already incurred. so it would be the height of irresponsibility not to lift that debt ceiling. >> right, i heard warren buffet say in the end there will be extreme stupidity. but he said there is a really why you can't go with the debt ceiling or use it for political gain, let's watch what he said. >> it makes...
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Jul 24, 2013
07/13
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yeah, they're talking about the debt ceiling again. there are two major stipulations that are floating around. a plan must have deep spending cuts and not include a penny for obamacare. now, there are just 24 legislative days left on the calendar between now and when the fiscal year ends september 30th. we would hit the debt ceiling soon after that in october or early november. it's just one of the many reasons why our new nbc wall street journal poll shows dissatisfaction with washington is at an all-time high. 57% of americans would remove every member of congress. wow. the other 43% are apparently a little more nuanced in their distaste. as for the president, his approval is also down, now just at 45%. if you're keeping track, that is actually the same level george w. bush had at this point in his second term. as for the economy, less than a third of those polled think the nation is on the right track. that's a shift. that's a 19-month low. it's one reason, of course, the president is back on jobs and the economy today. can he do an
yeah, they're talking about the debt ceiling again. there are two major stipulations that are floating around. a plan must have deep spending cuts and not include a penny for obamacare. now, there are just 24 legislative days left on the calendar between now and when the fiscal year ends september 30th. we would hit the debt ceiling soon after that in october or early november. it's just one of the many reasons why our new nbc wall street journal poll shows dissatisfaction with washington is at...
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Jan 16, 2013
01/13
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FBC
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., much hinges on how washington handles this debt ceiling next. but not all, fitch said that problem is we never seem to get around to deals with the problem behind that mess. quoting fitch a riley, fundamental credit strengths are eroded by large studily declining structure budget deficit, and high and rising public debt. what fitch is not saying, but almost screaming is, the washington sons of fitches are doing not about it, they screamed it. after the cliff, get ready for the crash. i'm not surprised we could still be cut. i'm surprised that fitch has not already done so, john campbell said that triple a rated countries do not we behave this way. i'm surprised it has not already happened. what do you think? >> i know, i just, you know there isal this talk if we get into a big fight over trying to reduce entitlements and making a long-term solution to this, that fitch or some rating agencies may cut our credit rating at this point. if that is what they are doing, they have it backwards. what they should do is they should look at reducing our cre
., much hinges on how washington handles this debt ceiling next. but not all, fitch said that problem is we never seem to get around to deals with the problem behind that mess. quoting fitch a riley, fundamental credit strengths are eroded by large studily declining structure budget deficit, and high and rising public debt. what fitch is not saying, but almost screaming is, the washington sons of fitches are doing not about it, they screamed it. after the cliff, get ready for the crash. i'm not...
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Oct 8, 2013
10/13
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by breaching the debt ceiling? and the reason we talk about the tea party is the core tea party caucus in your party that is saying essentially, like ted ohoe of florida cdid, we could breach the debt ceiling and it wouldn't be a big deal? do you agree with that? >> no, i think it would be a very big deal. but i also know that every major spending reduction legislation over the last 30 years has been done in conjunction with the debt ceiling. that's been true of both parties. it was true of ronald reagan, bill clinton, george herbert walker bush or even president obama. just a year-plus ago. and so our best opportunity to get our budget under control is in conjunction with the debt ceiling. frankly, because it's a big deal, the president should be negotiating with us to make sure it's not breached. we're losing days, because the president refuses to talk. >> do you agree that the affordable care act is part of nondiscretionary spending? >> well, i think parts of the affordable care act are part of nondiscretionary
by breaching the debt ceiling? and the reason we talk about the tea party is the core tea party caucus in your party that is saying essentially, like ted ohoe of florida cdid, we could breach the debt ceiling and it wouldn't be a big deal? do you agree with that? >> no, i think it would be a very big deal. but i also know that every major spending reduction legislation over the last 30 years has been done in conjunction with the debt ceiling. that's been true of both parties. it was true...
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Sep 25, 2013
09/13
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the debt ceiling we are negotiating right now is simply crossing thehe debt ceiling is simply related to decisions we made an prior congresses about bending and tax policy. so, that is what i meant why it is not a relevant discussion in changing the future trajectory. host: dover, delaware, delaware eight university. our c-span bus is out there. britney, good morning to you. caller: good afternoon. my question is, we all know education is a crucial component of american society, especially with the current youth. how would the government shutdown affects student loans disbursed by the government? guest: the government shutdown will have a fairly significant impact on many educational programs. it does not per se affects student loans because it is a specific program but it will affect other important department of education programs. it will have an effect on all of these things that are so important to our economy like education. host: we mentioned that congressman john delaney is the president of the democratic freshmen class in congress. monty writes in on twitter. politicians thin
the debt ceiling we are negotiating right now is simply crossing thehe debt ceiling is simply related to decisions we made an prior congresses about bending and tax policy. so, that is what i meant why it is not a relevant discussion in changing the future trajectory. host: dover, delaware, delaware eight university. our c-span bus is out there. britney, good morning to you. caller: good afternoon. my question is, we all know education is a crucial component of american society, especially with...
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Sep 26, 2013
09/13
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CNN
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on the debt ceiling. he wanted to put a fiscal plan in place to reduce deficit in a balanced way. days before the government was going to default, john boehner walked away. and to put the government and the economy, the ability to pay our bills, in jeopardy, we got downgraded, our credit rating got downgraded. in terms of open to compromise, there's nobody to negotiate with. john boehner is not in control of the house caucus. that's controlled by 45 tea party members. it's not clear what anything could get through. so the president is simply saying, i'm not going to play games over our ability to pay our bills. bills that congress obligated us to. you know, if you have an idea of how to reduce the deficit or improve the health care law, he's open to it. but this is not a negotiation that's going on because there's nobody to negotiate with. >> i think one thing we can all agree on is there is no trust between the white house and republicans on capitol hill. >> or between the american people and washington.
on the debt ceiling. he wanted to put a fiscal plan in place to reduce deficit in a balanced way. days before the government was going to default, john boehner walked away. and to put the government and the economy, the ability to pay our bills, in jeopardy, we got downgraded, our credit rating got downgraded. in terms of open to compromise, there's nobody to negotiate with. john boehner is not in control of the house caucus. that's controlled by 45 tea party members. it's not clear what...
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Oct 4, 2013
10/13
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people are still going to be buying coca- cola,debt ceiling or no debt ceiling." "if you think maybe there will be a little bit of a sell-off because of the debt ceiling debate, i think that's an opportunity, that if happens, maybe you're in an equity, a balanced portfolio and you get to rebalance off-cycle. maybe if you're adding cash, you take that opportunity to add. but regardless of the political dysfunction, we know one thing: at some point, it resolves itself." "we do believe some markets have some challenges, especially in emerging markets, we have seen, there is some sort of outflow that just happened, but the pensions that we are working with are thinking about more long-term growth prospects." until a resolution comes out of washington , money managers tell us for the most part they are using conservative investing strategies. the labor department's monthly unemployment report is not being released during the government shutdown. despite that, there are indications that job growth continues but the shutdown may affect hiring at the top in the private se
people are still going to be buying coca- cola,debt ceiling or no debt ceiling." "if you think maybe there will be a little bit of a sell-off because of the debt ceiling debate, i think that's an opportunity, that if happens, maybe you're in an equity, a balanced portfolio and you get to rebalance off-cycle. maybe if you're adding cash, you take that opportunity to add. but regardless of the political dysfunction, we know one thing: at some point, it resolves itself." "we do...
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Jan 15, 2013
01/13
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but they want it separated from debt ceiling. >> let's talk about this debt ceiling thing, howard. do you think the press objectively can report the way the president tried to sell it, which is if this government can't pay its debts, refuses to pay it because of the debt ceiling, is that the republican decision or is it going to be played, conflict in washington, gridlock, both parties to blame? >> well, the president said in the press conference i think people will blame all of washington, but he didn't mean it. and he doesn't believe it. he thinks, and i think rightly thinks, that the political onus will be on the republicans. the president said we aren't a deadbeat nation, which is one of many great quotes in that press conference. >> i like that word, deadbeat. >> we aren't a deadbeat nation, and he said the republicans will turn us into a deadbeat nation if they do what they're threatening -- >> if somebody else objects to the question, if there's a different answer, i'll accept it. did the democrats ever play the game of not paying the bills of the united states government as
but they want it separated from debt ceiling. >> let's talk about this debt ceiling thing, howard. do you think the press objectively can report the way the president tried to sell it, which is if this government can't pay its debts, refuses to pay it because of the debt ceiling, is that the republican decision or is it going to be played, conflict in washington, gridlock, both parties to blame? >> well, the president said in the press conference i think people will blame all of...
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Oct 9, 2013
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echo -- debt ceiling? is wrong with postponing the obama law? quit acting like kindergartners. sit down and hash it out. he is just asking for you to implement the law. republican states are fighting it. sit down and hash it out. they postponed laws all the time. scott inhear from pennsylvania, republican line. >> good morning, sir, how are you? host: good morning. noter: i honestly do believe -- i think our freedom of choice has been taken away from us. i think that president obama needs to sit down and discuss this and really think about what he is doing to people. i make $630 a month on unemployment. after i pay my car insurance and fill my vehicle with gas, it costs me $90 to fill my vehicle with gas because that is the vehicle i can afford. he thinks that this health care is affordable to me? i do not think so. i am not the only one, there are more out there like that. that is all i have to say, thank you for your time. >> that was scott, from pennsylvania. this is the democratic line, delbert. caller
echo -- debt ceiling? is wrong with postponing the obama law? quit acting like kindergartners. sit down and hash it out. he is just asking for you to implement the law. republican states are fighting it. sit down and hash it out. they postponed laws all the time. scott inhear from pennsylvania, republican line. >> good morning, sir, how are you? host: good morning. noter: i honestly do believe -- i think our freedom of choice has been taken away from us. i think that president obama needs...
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Sep 29, 2013
09/13
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the fight of the debt ceiling is expected to be a negative. we've seen this movie before. >> unfortunately. >> how does it play out? >> i think what u just described, especially the debt ceiling, we think that could cause a bit a pothole, not a sink hole in the market. we c sld see a 3 plus percent pull ckback. even though it's going to impact people's psyche, it's not going to impact the fundamentals of the market or the economy and that's what people have to keep focused on. >> what are you seeing from clients now? >> they're nervous. there's always been this wall of worry whether it's syria, iran, qe3 ending and now it's the debt ceiling. in some ways that's bullish. we have not had that flood gate open of funds flowing into equity. we think there's a lot of money that can and will move toward the equity market based upon the fundentals we see. >> there's a lot of potential for new money to come in. we're ending the third quarter and about to get a lot of earnings. we already got the final gdp on thursday. it was unchanged. the economy grow
the fight of the debt ceiling is expected to be a negative. we've seen this movie before. >> unfortunately. >> how does it play out? >> i think what u just described, especially the debt ceiling, we think that could cause a bit a pothole, not a sink hole in the market. we c sld see a 3 plus percent pull ckback. even though it's going to impact people's psyche, it's not going to impact the fundamentals of the market or the economy and that's what people have to keep focused on....
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Jan 14, 2013
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ceiling or the debt limit. where do we go from here? joining me now live mark murray. mark, obviously, the first thing at least some conservatives brought up with the president is that he has taken a different stance in the past when it came to the debt ceiling. >> well, in 2006, then senator barack obama ended up voting against a raise in the debt ceiling. republicans have seized on that saying that the position that president obama's taking today and also in 2011 is inconsistent with that 2006 vote. there is one very big difference between now and 2006. 2006 there wasn't this kind of big protracted battle over the debt ceiling at all. it wasn't a big issue. i was covering politics for nbc at the time. the debt ceiling increase was seen as a procedure and a very partisan vote then but not something you were reporting on for weeks and months like we have in 2011 then and now on the debt ceiling debate and, of course, what happened in 2011 was a loss to the nation's credit rating. there's big differences between
ceiling or the debt limit. where do we go from here? joining me now live mark murray. mark, obviously, the first thing at least some conservatives brought up with the president is that he has taken a different stance in the past when it came to the debt ceiling. >> well, in 2006, then senator barack obama ended up voting against a raise in the debt ceiling. republicans have seized on that saying that the position that president obama's taking today and also in 2011 is inconsistent with...
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and remember, this is not a debt ceiling that is lifted to pay more debts. this is to pay off and to pay the bills we already have that congress and the president have already incurred. so it would be the height of irresponsibility not to lift that debt ceiling. >> right, i heard warren buffet say in the end there will be extreme stupidity. but he said there is a really why you can't go with the debt ceiling or use it for political gain, let's watch what he said. >> it makes absolutely no sense to let it be used as a lever for other things. i mean, if you want to change the laws on abortion, immigration, you name it, tax laws, whatever, let that be a piece of hammer out. but to tie it to something, well you break the promises of the united states government to people all over the world as well as to the u.s. citizens just makes no sense. it should be banned like nuclear weapons, basically like something that is too horrible to use. >> now, that was a man who made ten million dollars from the last recession, perfectly , and legitimately. even he is saying, lo
and remember, this is not a debt ceiling that is lifted to pay more debts. this is to pay off and to pay the bills we already have that congress and the president have already incurred. so it would be the height of irresponsibility not to lift that debt ceiling. >> right, i heard warren buffet say in the end there will be extreme stupidity. but he said there is a really why you can't go with the debt ceiling or use it for political gain, let's watch what he said. >> it makes...
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Sep 19, 2013
09/13
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is there a debt ceiling? >> there is a debt ceiling. and that limits the amount of money the united states can borrow. if we're going to continue on this spree of trillion deficits. it's going to be a good year, of course that sarcasm is bad. >> you know as well as i do that these bills have been passed. the costs haven about run up already. the bills have been signed by the president. what you're talking about is will you pay your debts or not. >> wait a second, chris. it's the same thing that governors have to do in the 50 states. if you have a legislature and they're wrong and the spending exceeds the revenue then you have pro ray shun. >> there's no danger here of the unit going into default. >> i'm not saying there's no danger. there is a risk to our economy. and i hope that the president will understand that there is a bigger picture here and that bigger picture is whether or not the united states of america is going to continue on this path to insolvency and bankruptcy. that is a much bigger threat. >> what does he have to do to
is there a debt ceiling? >> there is a debt ceiling. and that limits the amount of money the united states can borrow. if we're going to continue on this spree of trillion deficits. it's going to be a good year, of course that sarcasm is bad. >> you know as well as i do that these bills have been passed. the costs haven about run up already. the bills have been signed by the president. what you're talking about is will you pay your debts or not. >> wait a second, chris. it's...
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Jan 10, 2013
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ceiling and indicates the president could raise the debt ceiling without the consent of congress. doesn't seem like they'd be open to something like this but covering it for three years, i really i guess i wouldn't be surprised if anything happened but this is not gaining real traction on capitol hill. and it's tough to say what kind of -- what this kind of -- what people are calling a gimmick means for the negotiations. republicans across the board blasted this idea and doesn't seem realistic especially as you said there's issues and not only debt ceiling, sequester and government funtding so if the president wants a deal on any of those, making a new coin to raise the debt ceiling probably wouldn't bode well for the totality of those negotiations. >> i would say minting a coin, it definitely is sort of gimmicky or silly and so is using the debt ceiling as a hostage taking technique so glad that they haven't totally ruled that out yet and use it maybe as leverage in this upcoming fight. jake, thanks so much for joining us. >> thanks, guys. >>> up next, the white house calling in
ceiling and indicates the president could raise the debt ceiling without the consent of congress. doesn't seem like they'd be open to something like this but covering it for three years, i really i guess i wouldn't be surprised if anything happened but this is not gaining real traction on capitol hill. and it's tough to say what kind of -- what this kind of -- what people are calling a gimmick means for the negotiations. republicans across the board blasted this idea and doesn't seem realistic...
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Sep 25, 2013
09/13
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let's deal with the debt ceiling. the bottom line is the president had a phone call late friday night before he headed to the u.n. with speaker boehner. we're told it was brief because the president said he's not going to negotiate anything at all on the debt ceiling. that frustrated republicans, they think the president should sit down with them and go through a number of things they want to add to lifting the nation's debt ceiling. perhaps claiming the healthcare law but jay carney at the podium may it clear they're not going to negotiate and want a clean up or down vote. >> everybody agrees, all the leaders and i think most of the rank and file agree that the debt ceiling must be raised. so you have this unique situation in washington where everybody agrees on a single thing. so congress ought to just raise it. >> in terms of dealing with the healthcare law itself and wrapped up in the other separate negotiations to deal with whether or not the government's going to shut down, as you were talking with senator vitte
let's deal with the debt ceiling. the bottom line is the president had a phone call late friday night before he headed to the u.n. with speaker boehner. we're told it was brief because the president said he's not going to negotiate anything at all on the debt ceiling. that frustrated republicans, they think the president should sit down with them and go through a number of things they want to add to lifting the nation's debt ceiling. perhaps claiming the healthcare law but jay carney at the...
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Jan 7, 2013
01/13
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we've got the debt ceiling debt bait coming. peter, what's your take? >> well, i think the debt ceiling, we've been through that before -- once before. this second time i think it's going to be actually maybe too much to say a piece of cake, but we've seen it before and i think that we will sail through that. and earnings, i'm looking at earnings to be probably sideways this past quarter. going into 2013 i think it's going to be one heck of a year. >> you mean a strong year? >> yes. strong. >> and you think stocks react to that? >> i do. i think they will react very strongly. i think there's a lot of risk, uncertainty out there. but on top of that, i think you will see stock buybacks. and i also still think you will see some dividend increases which are great for investors. >> brian, do you think it's going to be a piece of cake the debt ceiling discussions? >> what? >> that's what he said. >> this has been a market place that since 2007, 2008, that reacts to every little sound bite. we're going to see some volatility during every time of situation or n
we've got the debt ceiling debt bait coming. peter, what's your take? >> well, i think the debt ceiling, we've been through that before -- once before. this second time i think it's going to be actually maybe too much to say a piece of cake, but we've seen it before and i think that we will sail through that. and earnings, i'm looking at earnings to be probably sideways this past quarter. going into 2013 i think it's going to be one heck of a year. >> you mean a strong year?...
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10/13
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good morning, sir. >> let's raise that debt ceiling. welcome back. and now let's start with jimmy kimmel who noticed something a little strange after the bears/giants game last week. >> bears running back matt forte spoke to reporters in the locker room after the game. keep an eye on rich king in the background. >> between time of possession and not having to -- did a freight job finding open receivers. you want to win all your home games. hard to win on the road. so getting a win tonight was critically important. >> get that man a chapstick, will you? i don't know what he was doing, but mrs. king is a very lucky woman. >> well, sometimes it's vampires, but apparently zombies are hot enough to make a show about them the most watched show on television. more than 16 million people tuned into walk the walking dead's season four premiere. even beat out sunday night football. and remember, this show is on amc. they just keep cranking it out. entertainment weekly reports viewer ship is up 30% from the show's previous high. now, who is behind what many con
good morning, sir. >> let's raise that debt ceiling. welcome back. and now let's start with jimmy kimmel who noticed something a little strange after the bears/giants game last week. >> bears running back matt forte spoke to reporters in the locker room after the game. keep an eye on rich king in the background. >> between time of possession and not having to -- did a freight job finding open receivers. you want to win all your home games. hard to win on the road. so getting a...
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Sep 19, 2013
09/13
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ceiling or the threat of not raising the debt ceiling being used to extort a president or a governing party. >> that statement got four pinocchios in today's "the wall street journal." but this is a president negotiating with assad through putin. he's a penpal of iran's new president. but he's not going to sit down and negotiate with republicans on the debt and the deficit? isn't that his job? is he serious? >> the republicans have made it abundantly clear that a part of that negotiation would be to defund the affordable care act. and also they want the type of cuts in the deficit -- in the budget that really will kill everything that the president stands for. if only as we see this modest increase in unemployment, the wealthy are making so much money. the disparity between the poor and the middle class, which is the heart of our great nation, is falling into poverty. we need to have the government to participate with the private sector to get our great country back to work. but when you talk about cut further than the sequestration and to defund, that's not negotiation. that's puttin
ceiling or the threat of not raising the debt ceiling being used to extort a president or a governing party. >> that statement got four pinocchios in today's "the wall street journal." but this is a president negotiating with assad through putin. he's a penpal of iran's new president. but he's not going to sit down and negotiate with republicans on the debt and the deficit? isn't that his job? is he serious? >> the republicans have made it abundantly clear that a part of...
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you also know what is going on at the debt ceiling. the impact, in terms of even orders coming out of federal being a little more challenging for some of the computer companies. and the retail sales, so most of my ceo counterparts and industry experts are a little more cautious. >> meanwhile, the dow and s&p broke a five-day losing streak after concerns about what will happen in washington. >>> nike, one of the three new dow components reported earnings beating analysts' expectations, blackberry going private maybe, they are considering a bid by fairfax capital. the company announced 4500 layoffs and a loss of a billion in the second quarter. >>> well, fall has arrived and so has fallen gas prices, unleaded nearing $3 a gallon, the lowest natural average since january, and nearly the lowest since the january level. shrinking demand and falling crude oil prices are the reason. >>> and washington holding its breath, watching to see what will happen on the fight on the continuing resolution and the debt ceiling. and despite it all, there
you also know what is going on at the debt ceiling. the impact, in terms of even orders coming out of federal being a little more challenging for some of the computer companies. and the retail sales, so most of my ceo counterparts and industry experts are a little more cautious. >> meanwhile, the dow and s&p broke a five-day losing streak after concerns about what will happen in washington. >>> nike, one of the three new dow components reported earnings beating analysts'...
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Oct 13, 2013
10/13
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it is not raising the debt ceiling, it is the debt. it is the problem that we do not have a credible, sustainable solution to the long-term debt. and that is where the credit markets have down graded us in the past. >> the one thing americans are tired of now is this gridlock. there is a great quote from james baker to the treasurer secretary in this book, work hard, study and keep out of politics. he writes many of the followers hated compromise. it was better to lose anything than to give an inch. they didn't understand how the system worked. principal without praying ma terrorism is perilless. then you are dealing with politics so what is your advice to mcconnell and harry reid when they get together so you guys can end this? >> it is the ronald regan somebody who is with me 80% of the time is my friend and ally and not some 20% traitor. there are areas of agreement. senator susan collins of maine has come up with a proposal and a number of republicans and democrats have sat down together to look for finding solutions to get the gov
it is not raising the debt ceiling, it is the debt. it is the problem that we do not have a credible, sustainable solution to the long-term debt. and that is where the credit markets have down graded us in the past. >> the one thing americans are tired of now is this gridlock. there is a great quote from james baker to the treasurer secretary in this book, work hard, study and keep out of politics. he writes many of the followers hated compromise. it was better to lose anything than to...